TruNarrative and Veratad Technologies Announce Financial Crime Partnership
TruNarrative, the global provider of financial crime solutions, has announced a new partnership with Veratad Technologies (Veratad), a world-class provider of real-time age verification, identity verification and knowledge-based authentication solutions.
Available through the TruNarrative App Store, Veratad’s service uses multiple trusted and verified data sources containing billions of public and non-public records to return an identity verification of North American online customers in real-time, while maintaining the highest level of consumer privacy.
Veratad’s solutions work to verify identity and age, reduce the risk of fraud, comply with financial regulatory requirements, provide a safer online experience and act with a greater sense of social responsibility for customers.
TruNarrative’s financial crime platform is underpinned by a powerful decision engine, machine learning and API management, bringing together eKYC, ID verification and fraud detection in an easy-to-configure platform.
The fast-growing tech-based business has also established partnerships with Cifas, CreditSafe, Comply Advantage, Equifax and HelloSoda, and features some 25 third-party apps in the TruNarrative App Store which can all be configured through the platform.
John Lord, CEO of TruNarrative, said: “The addition of Veratad to our App Store strengthens our coverage in North America and gives clients greater choice in terms of age and identity verification solutions. Our clients require quick access to the most accurate data in order to deliver a seamless and positive experience for their online customers, while ensuring any potential fraud is flagged up immediately. We are very pleased to have Veratad on-board, as they are best-in-class at what they do, and we look forward to showing our clients the benefits that its solutions can deliver.”
John E. Ahrens, CEO of Veratad, said: “Our industry-leading verification solutions perfectly complement TruNarrative’s existing services. The ability for users to access a range of enhanced authentication solutions to verify online customers through a single platform is what really differentiates TruNarrative. In the future, we see the market moving towards this agile and scalable, single platform approach to fighting financial crime, so we are very excited about this partnership.”
About Veratad
Veratad is a world-class provider of real-time identity verification and knowledge based authentication solutions for those who conduct business on the internet, or any business that needs to verify an individual’s age or identity.
Our verification solutions are designed to verify an individual’s identity and/or age while protecting sensitive personal data and promoting a high level of consumer privacy.
Veratad is trusted by companies large and small and our customers include some of the world’s most well-known corporations that use our solutions to reduce the risk of fraud, comply with financial regulatory requirements, provide a safer online experience and act with a greater sense of social responsibility.
